Investopedia explains Bank Insurance
The guarantee is made by a public or private corporation and protects against losses if the bank goes bankrupt. This is referred to by different names, depending on the country.

Filed Under: Banking, Insurance

Related Terms

Bank
Bankruptcy
Financial Institutions Reform, Recovery And Enforcement Act - FIRREA
Niche Bank
More Related Terms

Related Links

Are Your Bank Deposits Insured? - Learn how the FDIC is helping to keep your money in your pockets.
Is there a form of insurance for my investments?
Compare Local Interest Rates - Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!

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